IIFT Daily Note with Peter Brown

It is all going very well.

Posted by:  |  Time: 7:41 am  |  Topic:
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Market is pretty much a one way bet so far this year. We look set to continue this trend this week. Euro target is 1.3485  with support on the pull back at 1.3360.  S&P is heading higher. We are ignoring the up coming fiscal cliff discussions and concentrating on the zero interest rate dynamic. As we have said the big hedge funds have nowhere else to earn a return but in the stock market. They missed it last year and you can see they are not going to do that again. Onwards and upwards.

Market is simple. Buy the dips untill bad news comes. Nothing on the horizon as yet. 1500 S&P target.

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